Senate debates

Tuesday, 17 October 2017

Bills

Regional Investment Corporation Bill 2017; In Committee

1:49 pm

Photo of Anne RustonAnne Ruston (SA, Liberal Party, Assistant Minister for Agriculture and Water Resources) Share this | Hansard source

I will go to your second question first. I draw to the chamber's attention that the corporation will be accountable to the parliament through a series of measures that have been outlined in the bill, such as the requirement to table the operating mandate, requirements of the Public Governance, Performance and Accountability Act—the PGPA Act—and it is also subject to the same Senate scrutiny processes.

It's probably also worth mentioning that the approach proposed to be taken in this bill and that is written into this bill is very similar to other entities, including the Clean Energy Finance Corporation that was set up under previous arrangements. In a sense, what we have attempted to do in the drafting of this particular bill is to make sure it is consistent and replicates the kinds of requirements in relation to public governance and accountability, reporting and scrutiny, that have been applied to other similar types of organisations and government instruments.

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